Newsroom, Apr 30: Beleaguered billionaire B R Shetty, who went into hiding after after a multi-billion fraud at UAE-based NMC Health came to light, has now put the blame on his companies employees.
The former chairman of the Abu Dhabi headquartered hospital operator said, investigations he commissioned found following things:
1. The fraudulent creation and operating of bank accounts in my name including many fraudulent transfers that I neither authorised, consented to, or had any knowledge of.
2. The fraudulent creation of loans, personal guarantees, cheques and bank transfers in my name, and using my forged signature, that I neither authorised, consented to, or had any knowledge of.
3. The creation and set-up of companies in my name that I neither authorised, consented to, or had any knowledge of, and that were seemingly created with the express intention to commit or conceal fraud.
4. The fraudulent creation of powers of attorney, and the misuse of existing powers of attorney, again in my name, that I that I neither authorised, consented to, or had any knowledge of.
5. The creation and provision to me of false and misleading financial statements and information regarding the performance of some of my private companies and investments by members of my own management team.
6. The payments of expenses using my private companies and personal bank accounts, I believe to hide the true financials of the public companies."
This is the first time Dr. Shetty, who is reportedly hiding in India for the last couple of months, issued a statement based on investigations he commissioned privately. He had brought in a consultancy to conduct it after initial revelations came to light that NMC Health had not been fully transparent with its finances.
Dr. Shetty had stepped down as executive chairman after the then Board of Directors barred him from attending any meetings. “I intend to work tirelessly to clear my name and assist any authorities in getting to the truth and help them ensure that misappropriated or missing funds are returned by the perpetrators to their rightful owners,” said Dr. Shetty.
This month, ADCB, which has the highest exposure among UAE banks to NMC Health, brought charges against five former officials, including ex-board of directors, with Abu Dhabi prosecution. The former CEOs of NMC Health and Finablr are also currently not in the UAE.
Comments
At any cost Suicide is non-pardonable towards Almighty Allah, there are many doors open which will save her and support her by morally and financially. It is really very bad to take such a serious step and Islam condemn ending life by our selves.
dowry banned all over still this people want dowry send them to hell.
Maulanas talking too much about our religion...why cant they teach people it is haram taking dowry from bride's parents....they should be held responsible for it...they are not conveying rightful message of our prophet (peace and blessing of Allah be upon him) to the people....hypocrites...
she would have complained police before taking this wrong step.
this people are not human, all are monsters. killed innocent.
all family should get arrested. all of the family tortured her,
Rest in peace sister, one day we all have to die.
guilty must be punished. hang him till death, i cant believe that in this modern days also this kind of incident we have to hear. why should she bring dowry from her father, if he wanted money why he married a girl instead he would have married a money.
hang him to death, this kind of creature has no place here. sorry for ramlath.
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